The European Union said Thursday it would react firmly with a proposal within days for WTO-compatible countermeasures against the United States for trade restrictions on steel and aluminum, which it called a "blatant intervention" to protect U.S. industry. "We strongly regret this step,...
Trade talks between a Chinese official and three of U.S. President Donald Trump's senior advisers will take place at the White House on Thursday, a White House official said. U.S. Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and White House economic adviser...
Goldman Sachs Group Inc. and Societe Generale SA have submitted final bids for the Commerzbank AG unit that houses the lender’s exchange-traded fund business, according to people familiar with the situation. Barclays PLC, which was said to be interested in the Equity Markets and Commodities...
A federal judge has dismissed a lawsuit claiming that Coca-Cola Co.’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain. The plaintiff, Shana Becerra, claimed that she and others would not have...
German high-end carmaker BMW on Friday recalled thousands of diesel cars for a software update, after reports it had admitted to authorities they released more harmful emissions on the road than in the lab. BMW "noticed during internal testing that correctly programmed software was...
The recent natural gas agreement on Monday between Israel and Egypt is more symbolic than viable with the aim of fabricating a gas market in Egypt to send a message that Jordan is not Israel's only market in the region, according to the director of hydrocarbons at the Paris-based Mediterranean...
LONDON- The number of hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, despite sharp falls in the value of the virtual coins in recent weeks, data from fintech research house Autonomous NEXT showed Thursday. The firm recorded a...
Turkish and South Korean companies on Thursday signed a concession agreement to build the Big Almaty Ring Road (BAKAD) project in Kazakhstan. The Turkish firms, Makyol Construction and Alsim Alarko, and South Korean companies -- Korean SK and Korea Expressway Corporation -- inked the...
Qatar Airways’ chief executive said Tuesday the carrier will post a loss this year because four other Arab countries have severed land, air and sea links with Qatar. Akbar al-Baker said that the boycott on Qatar’s flagship airline flying to neighboring Saudi Arabia, the United Arab Emirates,...
France's Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai Sunday, seeking investment from the oil-rich Gulf region. "France is undergoing great transformation", Philippe said, addressing a thousand-strong audience at...
By Abdullah Ghadawi (Zaman al-Wasl)- Sources in the Syrian opposition revealed that economic projects have been promised to Britain and France in Syria, pointing out that these European countries have placed their political and economic interests in Syria, especially regarding...
Prime Minister Edouard Philippe will look to deep-pocketed sovereign wealth funds in the United Arab Emirates to further investments in France when he carries his "France is back" pitch to Abu Dhabi and Dubai this weekend, a government source said. Among the investors Philippe will meet are...
The U.S. Justice Department announced one of its largest-ever takedowns of a global cyber crime ring Wednesday, saying it had indicted 36 people accused of trafficking in stolen identities and causing more than $530 million in losses to consumers. The cyber crime network, known as...
Egypt Wednesday warned Turkey against any infringement of its economic rights in the eastern Mediterranean under a maritime border demarcation agreement signed in 2013 with Cyprus that allows exploration for gas in the area. The discovery of the massive Zohr gas field in 2015 has...
Asian stocks plunged Tuesday after a record-breaking loss on Wall Street, extending a global rout as panicked investors fret over rising U.S. borrowing costs and take profits after months of market euphoria. Tokyo led a collapse throughout the region, briefly diving almost seven...
Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13 billion in 2017, energized by rising oil and gas prices. Net or bottom-line earnings for the full year compared with a figure of $4.6 billion in 2016, the Anglo-Dutch energy giant revealed...
More than half of the first line of the TurkStream natural gas pipeline project to deliver 35 percent of Turkey's gas needs has been completed, Gazprom officials, the project constructor, told visiting Turkish journalists at Novy Urengoy, Russia's biggest gas field and the world's...
US President Donald Trump is aiming to be the "best salesperson" for American economic interests when he goes to Davos later this week, the White House said Tuesday. Trump is set to speak Friday at the World Economic Forum, an annual gathering of the global pro-trade elite at the Swiss...
Russian pension funds are considering investing in Saudi Arabian state oil major Aramco when it lists its stock in a move to strengthen the partnership between the world's two top oil producers, Russia's top state investment officer said. The head of Russia's Direct Investment Fund,...
Iraq will on Monday sign a memorandum of understanding with American energy company Orion to tap gas at an oil field in the south of the country, the petroleum ministry said. The Nahr Bin Omar field, situated in the hydrocarbon-rich Basra province, is currently producing 40,000 barrels...
